Ive been telling peeps for 5 odd years now to stay away from Revolut

If you want to use a company like this try Wirex instead as they are much more relaxed with your crypto

It only takes a little investigating to understand revolut as a company and there goals so why anyone has any of there crypto with them is just madness to me

Ive mostly used kraken and CB for over 7 years now to receive / move crypto with about 10+ BTC moved easy

I’ve never ever had a single issue to this day

Well apart from the fact that CB now want sender details etc however that’s easy to adjust

Buying BTC is a different story though so this comment is really regarding receiving / moving / saving BTC of course

I’d only ever buy BTC with dirty fiat but it’s who you know in this life for such a route

I would like to add that anyone who is saving there BTC to plz use a cold offline method

Anyway stay away from Revolut my friends x

Anyone have any advice idk how one would buy crypto in person or how that would make a difference

I do the same method of buying on rev then sending to a external I thought that was as safe as you could go

If anyone has any advice or ideas please lmk

Thank you kickass for this post 💚

I doubt this problem is unique to revolut, just that they're being extra judicious after recently getting their banking license. crypto laws in the uk make it so legally operating businesses bare responsibility for doing more checks than they used to, which tickle down to a bad time for people like us.

buying crypto in person is less problematic in that it's a p2p transaction so doesn't require kyc checks. new problems arise from it being a random person you're doing the transaction with, so there's a certain amount of risk involved. websites like localcoinswap let you filter by this type of exchange. I can't vouch for it yet until I complete a transaction soon.

How big are your transactions? Tbh I’ve been doing <100$ orders for almost 2years now straight from Revolut to the transaxe wallet (ik not the best opsec but I don’t really understand the risks) and not had a problem

They have a limit of 50 wallet addresses you can send to, so I was doing btc orders of about $1k at a time to keep the number of transactions down.

Pm me bro

I can also say i have tried both coinbase and kraken. Coinbase wanted loads of i.d etc and froze the account eventually. Were as kraken works fine and has done for at least a year now. I would go with kraken haven't had any issues with them what so ever

Kraken just changed their user agreement / policy on the 2nd of June 2025.

I don't use them but you might want to check it in full.

I skimmed through it and they say that you must have at least 1) an email address 2) a phone number and 3) a street address to open an account wiht them.

I could also see a clause stating that they reserve the right to check your ID more in depth if they feel like it.

I seriously doubt any UK FCA approved exchange will survive without having to abide by the new rules.

Thanks for your response. My account is registered in my name email etc. But i only buy weed with it and the odd offshore crypto gamble now and then. Guess we wqill have to wait and see what happenes then.

p2p exchanges dont have this problem. local coin swap is one of the best and you don't have to deal in person, they have an escrow system like littlebiggy albeit everything is shitloads faster.

glad to hear other people on lb have heard of them before. have you used it before? im going to give it a try shortly.

another upside to p2p is not having HMRC emails suggesting they think you're holding crypto with a reminder to declare. likely after the exchanges hand over user data for compliance. I don't hold it and it's none of their business

Just use kraken its very good and easy to use, with the only downside i have experienced being that there is a limit on the number of transactions you can make every 24hours but its only happened to me once after making about 25 transactions in a day and it was back to usual the next day.

Yeh they eventually do that to you, you can bullshit your way out of it for a few months but they eventually just close the account. I’ve used Paybis now for a few years and just send straight to the receiving address, not had any issues as of yet

appreciate the thoughts. how did you bullshit your way out of it for a few months? did they hold up your exchanges each time?

Hi KickAss,

I've been using Paybis over a year now and i haven't had any emails from HMRC stating that you need to declare any crypto that your holding. Can you let us know a little more about that as when i read your comment above i was a little concerned myself.

I only buy crypto directly from Paybis and send it directly to an external wallet address without any issues. I also emailed Paybis today asking them if i had to pay tax or any associated fees when buying and sending crypto directly from my account in the UK and they said NO.

the government is using the information they acquire from legally operating crypto firms to "remind" people who have acquired crypto that any profit from fiat withdrawals are taxable. I know it was a legit email because the gov were bragging about it in the media shortly after that declared income from the associated taxes went up not long after taking the step.

you will in all likeliness be absolutely fine, but paybis and all other crypto firms declare all the information as required by uk law. just keep a record of your transactions incase they claim you're holding the crypto you bought. cheers

This all sounds like a bit of a nightmare. If I am buying crypto on CB and sending to exodus wallet and then sending from that to purchase things what kind of record could be requested and how could I prove I have no crypto, showing cb and exodus balance.

if you're buying from CB you should be fine. they keep a record of transactions in your account history. even if you send to another wallet first (good practise) the blockchain is a double edged sword in that it's transparent so you can follow the trail until it's mixed with something like XRP. so long as you never cash back out to fiat currency, and make up a good excuse for the transactions, you have nothing to declare and should be fine

Cheers KickAss
This is mildly reassuring.
Any suggestions for good excuses greatly appreciated 😂😭

if you do larger value transactions, you can point to any expensive item in your home and say you bought it with the crypto. no crime in that. for smaller value, say you're playing a gacha style crypto game. they might think you're retarded, but that's ok. rule of thumb is unless it's the tax man asking questions, you say nothing. speaking is self incrimination. always good to be on the ball but also don't worry yourself about it to much 👍

Cheers! (and apologies for late reply!)

Wha about this?

https://www.dlnews.com/articles/regulation/uk-crypto-firms-told-report-user-transaction-risk-penalties/

looks like the gov is upping their data collection. the crypto firms already have the data on request but from 2026 it looks like the gov want all the data regardless. probably going to run it though ai or sometning since they have a boner for that at the moment. just all the more reason to move to p2p trades

How and where could one look into this p2p trades. I have no clue where to start

1. Biggest bank in europe.
2. Bittylicious.
3. If you're only buying btc for transactions and no sale's are made , your P/L (profit and loss statement) is 0, that means CGT (capital gains tax) is 0 and there's nothing you can be taxed on.
Only for buyer's, if you are receiving BTC and / or aswell trading BTC, that's a whole different ocean.
The best of luck! 🤞🫡🇬🇧

So pardon my dumbness around all this, I just don’t want to get stung by the taxman. I buy btc on cb, send to exodus wallet for my purchases. I hardly ever have any btc in my cb acc or wallet, so going by your point 3 I shouldnt worry about these kinds of tax things… https://www.dlnews.com/articles/regulation/uk-crypto-firms-told-report-user-transaction-risk-penalties/

Fair play! I fully recommend transitioning to vaping. I am combustion free for nearly 9 years.

I smoked cigarettes and bongs, no joints, unless my mate offered me a few drags.

I started making my own extract and dabbing, but it's not that portable, so I also started vaping.

I now use a selection of bubblers and a Stempod Si to heat a basket in a glass 16mm-12mm reducer. It took some time to get used to, but I would struggle to find something else that fits my requirements. There are some peeps here who have got so much vaping equipment, you will get all the advice you need.

I actually tried to have a puff on a blunt last weekend and it made me feel sick. I do like the smell of burning weed though.

I have recently found out about hemp fibre vape wool, which is used for vaping hash and extracts. The flavour and effects are intense.

A couple of tips. Always preheat longer than you think is necessary, and a little goes a long way.